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Search Results 0 to 49 of about 80 (some duplicates have been removed)
Jan 3, 2013 7:18pm PST
premiums not keeping pace with high medical costs this year that hit shares of united health care. the stock fell 4.7% as volume almost tripled. this is its lowest price since mid-november. investment bank deutsche bank downgraded its rating of the managed health insurance sector, including united health care to neutral. the analyst pointed to more competition for customers holding down premium price increases. retail stocks were in focus with many of them reporting december sales. we'll have more on that in a moment, but two very different retailers had very different updates on their financial outlooks. deep discount store family dollar cut its outlook after a disappointing quarterly profit. shares fell 13%, dropping to a 10 month low. teen apparel store hot topic jumped 11.1% to a new 52 week high. hott topic predicted its earnings growth this year to be twice what wall street analysts had expected. just what spiced ham needs, peanut butter. spam maker hormel foods is buying the skippy peanut butter business from unilever. hormel is paying $700 million for skippy. the deal cont
Jan 21, 2013 7:00pm PST
of two things: one is a business environment in the united states that allows companies based here to compete successfully in the global economy but while maintaining or improving the standard of living of americans. we have to do those two things together to be truly competitive. if business is succeeding by cutting wages, that's a sign we're not competitive. so competitiveness is fundamental not only to companies and business but also really to the future prosperity of american citizens. >> susie: michael, people say that in order for the u.s. to be competitive it has to be a center for innovation. by that definition, how are we doing? >> well, i think the u.s. actually remains a tremendous juggernaut in terms of innovation. if you look at r&d speing in the entire world, we account for by far the largest share of r&d spending. we continue to be a major source of patenting and new companies. but the problem is not so much today innovation, the problem is that our business environment has got sufficiently inefficient and high cost and cumbersome that we're not able to capture the f
Jan 9, 2013 1:00am PST
economy not being led by the united states. not a singular globalization. some of those countries will have much slower years than they had before. i'm thinking about india. some of those countries will grow quickly, but they will have much more conflict with foreign nations, and investing will be much more dangerous. here i'm thinking about china, and some of the emerging markets don't deserve to be called emerging. the they should be called sub merging. in particular, i'm thinking about russia. two-thirds of the worlds economic growth comes from emerging markets, and yet they are manage more volatile and unstable. >> i have to mention the united states bu the u.s. appears on your list of global worries. even after we address the tax cuts and the fiscal cliff? >> less worrisome, but less worrisome in the united states is the housing structure, and we've got stock markets doing relatively well, and we have a massive energy boom we're just in the beginnings of. but washington politics are toxic and getting worse. the debt limit and the frustration will be harder to deal with than t
Jan 10, 2013 1:00am PST
court arguing under what circumstances the debt of the united states should be paid or could be paid. it gets into really nasty stuff. >> reporter: but veterans of washington's budget battles say the rhetoric jack lew will face will be much nastier than the ultimate outcome. >> the debt ceiling is going to be an ugly fight, perhaps as ugly or even uglier than what we went through at the end of last year, but the real fight is not over the debt ceiling, the real fight is over deficit reduction and the debt ceiling is not a lever that will ultimately be pulled. being treasury secretary over the next couple of years is not going to be an easy job, tom. >> tom: what do we know about lew's background, darren, that could inform us how he may treat the negotiations over the debt ceiling? >> he has been described to me as a pragmatic progressive. he has been around for 25 years in washington, and he has been involved in almost all of the major budget battles. so he is widely respected. he really knows his stuff, and he is seen as a calm but fierce negotiator. >> tom: did he play any role bac
Jan 4, 2013 1:00am PST
: >> if there's no evidence that google engaged in search bias in the united states, it seems to me entirely unlikely that there could be that kind of evidence in the e.u. so i think we're going to see a very similar result in europe. >> reporter: still, another issue has popped up to plague the search giant, the state department today called a planned humanitarian visit to north korea by google executive chairman eric schmidt, "not helpful." and stressed he's traveling as a private citizen, not a representative of the u.s. government. >> susie: the auto industry closed out 2012 with a bang, marking its best year since 2005. december sales of cars and trucks were better than expected, and 2013 looks to be another banner year for the industry. ruben ramirez reports. >> reporter: worries about the fiscal cliff weren't enough to keep buyers out of car dealerships last month. people were buying a lot of cars and trucks. >> there gets to be that certain point where buying that used car or even leasing a new a new one or even just outright buying a new one, it's really not that much more to buy a
Jan 23, 2013 4:30pm PST
numbers reported. >> some big numbers, but a little lighter than consensus, around 48 million iphone units, 22 million ipad units, a little less than consensus, and a little disappointing to investors, and certainly when you have the forecast that was light on top of it, it makes for a disappointing quarter. >> tom: i can already hear those apple shareholders saying financial expectations are just impossible for apple to exceed. they're so high. what do you say to them? >> well, i think vestors may have caut up to apple's stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. i think the easy growth has already happened in the iphone in developed markets like the u.s. the next wave of growth will come from emerging markets, from china and lower-priced phones. so apple may have a harder time getting that sort of growth. >> tom: i think 61% of its business last quarter was done internationally. showing how important the international shares are. what about comply constraints that apple may have experienced. there was lots of talk abou
Jan 15, 2013 4:30pm PST
.5 million potential units a year ago, that is down to 2 million. i would emphasize that offsetting that is latent demand, all of these people doubling up are beginning to move back into the market. and it is givi them the wherewithal to buy homes of their own. >> tom: richard dekaser with us in washington with wells fargo. thanks, rich. >> my pleasure. >> susie: after weeks of speculation, facebook is adding a new search feature to its social media service. it's called "graph search," and it's designed to help users sort through content on the site. but is this a game-changer for the company? erika miller reports. >> reporter: it was facebook's first major press event since its initial public offering flopped in may. before the announcement, there was speculation facebook could unveil a smartphone or a web search engine, so a social search feature came as something of a letdown. the tool will help users search their social network for information that has already been shared with them. for example, a facebook user taking a trip to lond might ask for "restaurants in london my friend
Jan 25, 2013 4:30pm PST
the united states. it's well known in "usa today" and sometimes people forget about their local communities. if you think about it, local communities can't get their news through the internet. they're not going to be able to find out what's happening in their local communities except going to their local newspapers. we think that's very powerful. also, they have extra assets. they own career builder, the majority owner of career builder, other terrific internet assets and they also own local broadcasting television stations that have condition exceedingly well. >> susie: okay. well, speaking-- >> we really do love gannett. >> susie: oh, okay. speak of television station, you have another media company on your list, cbs, a very familiar name to all of our viewers. whas the attraction of cbs at $42 a share? >> well, cbs has great content. which is really important. and, you know, you think about "c.s.i." "the lucy shoz, their great sports programming. so they're able to monetize all those great great assets and they also have other nonstrategic assets they've been able to jettison. they're in
Jan 31, 2013 6:30pm EST
in the united states. millercoors would be a distant third at 29%. antitrust expert barry lynn hopes the suit means the obama administration is finally willing to fight a broader trend towards consolidation across industries. >> the president can really set a tone here, the attorney general can set a tone, the head of the antitrust division can set a tone. and the tone can be we're not going to accept the kind of consolidation we've seen over the last 15, 20 years. >> reporter: but the merger's ecnomoic payoff for anheuser busch is largely about what happens outside the united states. >> they believe there are great efficiencies to be had in mexico and in other markets in the world where corona is underdeveloped. so the primary focus of the deal for their $20 billion is what they can make in mexico and what they can do outside the u.s. >> reporter: anheuser-busch inbev offered to sell of it's interest in an importing arm to constellation brands and make the company the sole importer of corona beer for ten years. but the justice department says that solution does not go far enough. darren gers
Jan 14, 2013 4:30pm PST
. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> t predent claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this cliffhanger ends. >> they don't really care about the brin
Jan 11, 2013 1:00am PST
to rein in their budget deficits. if the united states, germany, japan and the united kingdom all cut spending at the same time, they'll all have less money to spend buying goods from each other. >> and then all of our tax revenues decline because economies are slower then nobody is meeting their budget targets and then somebody else says, "oh well, i better tighten up further and then the cycle starts over again. and the point is we do have to pay our bills eventually, but all of us doing it too fast makes it harder for each one of us to pay our bills. and so you need some kind of coordination to keep from making life harder. >> reporter: but if he's confirmed by the senate, lew's first crisis will be finding a way to work with republicans in congress to raise the nation's debt ceiling. if he can survive that battle, global financial fights will probably seem pretty easy. darren gersh, "n.b.r.," washington. >> susie: also in washington today, new rules to protect consumers from risky home loans. the consumer financial protection bureau says the rules make sure home buyers understand
Jan 29, 2013 4:30pm PST
and science at universities across the united states should get a green card when they graduate. >> right now, ere is a student wrestling with how to turn their big idea, their intel or instagram, into a big business. we're giving them all the skills they need to figure that out, but then we are going to turn around and tell them to start that business and create those jobs in china or india or mexico. that's not how you grow new industries in america. >> reporter: but for every opening at a top high-tech firm, there are often dozens of applicants. the president's opponents say that's hardly a sign of a labor shortage. darren gersh, "n.b.r.," wasngton. >> susie: the federal reserve today kicked off its first meeting of the year and will announcits interest rate policy decision tomorrow. investors will be listening for any changes. the fed has said it will keep interest rates near zero until the unemployment rate dips below 6.5%. right now, that number is 7.8%, and inflation stays below 2.5%. and it is committed to spending $85 billion a month in buying bonds to keep borrowing costs down. join
Jan 16, 2013 4:30pm PST
analysts in washington. they argue markets will see a failure by the unit ed states to pay any of its bills as a threat it could one day stop paying some or all of its bills, including terest on its debt. if we pay the chinese the interest we owe them on their sovereign debt holdings, on time and in full, but we don't pay social security recipients or armed services personnel their salaries, is that a default? well, of course it is. >> reporter: a recent inspector general's report found the treasury doesn't have the computer systems in prioritize some payments over others. so if the treasury runs short of cash, it would most likely delay writing checks until it collects enough in tax revenues to avoid going into the red. but that means unpaid bills would pile up and take longer and longer to be paid. >> it's almost a reverse ponzi scheme where you just get worse and worse and at some point, at some point and we're working on it right now, you won't be able to pay the interest on the national debt, because you won't have enough cash coming in. >> reporter: it's hard to tell how much of the t
Search Results 0 to 49 of about 80 (some duplicates have been removed)